Hilda Maria Bacardi, great great granddaughter of the founder of the liquor company, spent about eight years building the 12-bedroom property.

A member of the Bacardi family is listing a newly built, 12-bedroom property in Coral Gables, Fla. for $27.26 million.

The house went on the market in 2014, before it was completed, for $18 million with another firm, and was taken off the market after failing to sell. “A house is a hard sell when it’s not completely finished,” said Barbara Estela of Douglas Elliman Real Estate, who has the listing with colleagues Ysha Arteaga and Hilda Jacobson. The house was completed in May after taking about 8 years to build.

According to public records, the home is owned by Hilda Maria Bacardi, sister of Bacardi chairman Facundo Bacardi. They are the great great grandchildren of Facundo Bacardí Massó, who founded the liquor company in 1862. The family later fled Cuba when Fidel Castro’s government nationalized the island’s distilleries in 1960.

Sitting on 1.3 acres in the gated community the Islands of Cocoplum, the 10-bedroom house measures about 21,000 square feet. It has roughly 400 feet of waterfront with a swimming pool and 100-foot private dock, according to Ms. Estela. With details like Lalique crystal faucets, the tri-level home has an elevator, wine cellar and a catering kitchen in addition to the primary kitchen. A two-bedroom guesthouse is accessed by a covered walkway.

Ms. Estela said the owner, who she declined to identify, planned to move in to the house but decided to sell instead after another opportunity arose.